Treasurer says FY26 saw large transfers to permanent improvements, warns of ongoing deficit spending

Mister Swan, the district——s finance presenter, told the board the June 30 fiscal-year-end numbers show a large transfers-out line driven by early technology purchases. "Transfers out, for fiscal year 26 were, 4,000 or 4,795,000," he said, and explained that a portion of the reduction projected for next year reflects Chromebooks and other tech booked into FY26 rather than FY27.

Swan warned deficit spending that began in FY25 continued in FY26 and has begun to erode cash balances. He flagged a roughly $1.2 million enrollment-growth supplement based on a three-year rolling average that may fall as enrollment declines, and encouraged trustees to consider whether the board is most concerned with operating expenditures or total expenditures (which include large, non-discretionary transfers to the PI fund). "Because we have those large transfers out of general fund into permanent improvements, there's a a really large difference between our operating expenses and total expenditures," he said.